Dollars & Sense: Goodbye, 59.9% credit card; stealth job market
First Premier's 59.9% interest rate credit card no longer appears on the bank's website.
February 17th, 2011
06:15 PM ET

Dollars & Sense: Goodbye, 59.9% credit card; stealth job market

A roundup of today's CNNMoney news:

Goodbye to the 59.9% credit card rate: First Premier Bank yanked its fee-laden 59.9% APR MasterCard from its credit card offerings. The card, which had nearly 300,000 active customers, charged more than $100 in fees per year and typically extended a credit line of about $300. It’s being replaced with a lower-interest secured card.

Boehner: 'Read my lips,' we will cut spending: House Speaker John Boehner said the House wouldn't pass a budget that doesn't cut spending, fueling new speculation of a possible government shutdown when current stop-gap funding measures run out March 4.

Stealth signs of a stronger job market: What do higher mileage on leased cars, more crowded day care centers and fewer disability claims all have in common? They're all under-the-radar signs of improvement in the U.S. economy.

Four Loko's second act: At MXI's recycling plant, failed alcoholic products like Four Loko are turned into fuel-grade ethanol for vehicles.

Most (and least) affordable homes: If you're looking to buy or sell a home, consider these locales. Indianapolis is the least expensive big city in which to buy a home. New York is the most expensive. But there are a whole bunch in between.

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Filed under: Business • Dollars & Sense • Economy
soundoff (11 Responses)
  1. Glem Pashni

    God smiles at the end of the usury-slave-making card. But he is not smiling about other events. Read his lips.

    February 17, 2011 at 6:27 pm | Report abuse |
  2. Immigration cardfees

    More defense spending... Cut the domestic fat. Colin Powell is a great man of integrity. More Colins means more repect. Never politicians but real men of truth. Light a candle of true respect. The world depends on the obvious integrity of the american egyptian army. Who you gonna call? Ghostbusters?

    February 17, 2011 at 6:43 pm | Report abuse |
  3. citizen

    Way to go Wisconsin
    You deserve ron johnson and scott walker

    February 17, 2011 at 9:12 pm | Report abuse |
  4. Cesar

    I think the mob charges less than 59.9%.

    February 17, 2011 at 11:56 pm | Report abuse |
  5. i rock

    I have a 94 taurus put in a conversion to ethanol kit and am averaging 32 mpg highway. .sucker runs great not bad for a $600 car and just turned over 200k miles

    February 18, 2011 at 8:32 am | Report abuse |
  6. Ancient Texan

    Cut Spending! Good! Go for it! If the government does shut down then at least for a period of time they won't be spending any money they don't have.

    February 18, 2011 at 10:18 am | Report abuse |
  7. Veritas

    @Cesar good one thanks i needed a good laugh lmao!

    February 18, 2011 at 1:57 pm | Report abuse |
  8. Ralphy

    @Veritas, hi. I used to pay 29%. Not any more. I paid off the balance and now use it barely. With these folks it's use it, or lose it. I use debit a lot more.

    February 18, 2011 at 4:02 pm | Report abuse |
  9. Cesar

    Glem Pashni: Please bless me. An angel has carved your name into my soul. Bless you.

    February 18, 2011 at 5:58 pm | Report abuse |
  10. mclj2011

    I don't understand the allure of a secured credit card. It says that people charge against their own money – why not use a debit card instead? It doesn't charge you any interest, and I don't think it works after the money runs out.

    February 19, 2011 at 6:45 pm | Report abuse |
  11. oleg123

    Sanctuary Articulator Saint Boehner said the Asylum wouldn't locomote a budget that doesn't cut disbursement, fueling new speculation of a fermentable government shutdown when modern stop-gap backing measures run out Genre 4.
    _________
    oleg
    Credit Card Debt k

    March 2, 2011 at 11:53 pm | Report abuse |